The Importance of Planning for Survivorship
Becoming a widow or widower is traumatic. No question about that, but what can make this life event even more distressing is the absence of a plan to deal with financial needs in the wake of a loss of a spouse. This is the point at which Social Security’s survivor benefits become crucial, and having a strategy worked out ahead of time can give you peace of mind during a period of emotional stress. Robert Powell, a longtime financial journalist and regular contributor to TheStreet and USA Today, takes a look at the importance of this type of planning, with a series of statistics and references wrapped up in “A beginner’s guide to Social Security’s survivor benefits.” Read his article here…
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